Скачать или смотреть The #1 Expense on a Property 🏡

You might think the mortgage is the biggest expense on a property, but the truth is, it's not.

In a conversation with Christina and Xenia, we uncovered an essential aspect of property management that often goes unnoticed – vacancies. While the mortgage is undoubtedly a significant financial commitment, vacancies can be the real budget buster.

Christina emphasizes that having your property sit vacant means no one is paying rent. The key to success in property investment lies in getting your property rented out quickly. The goal is to have a tenant move in as soon as possible, ensuring a steady stream of rental income.

Xenia adds another valuable point. If there are minor issues to address, don't wait. Small fixes like a lightbulb replacement or minor repairs should not delay the renting process. Keeping the property in good condition and making prompt, cost-effective improvements is vital.

So, while your mortgage is undoubtedly an important financial aspect of property ownership, remember that vacancies can be your number one expense. The priority should be to get your property under professional management and rented out as soon as possible to maximize your return on investment.

In the world of property investment, managing vacancies efficiently can be the key to your financial success. Don't overlook this critical piece of the puzzle.

#christinamarkoski #shorts #propertyexpenses #realestateinvesting #vacancycosts #landlordtips #rentalincome

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